Industrial Machine News

“This gives everyone something to price off of. This is very favorable for companies that have been waiting to sell these assets.”

BlackRock Inc.'s deal to buy a portfolio of subprime mortgage debt from UBS AG for $15 billion may have helped set a market-clearing price for such assets. via On Wall Street

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“Accordingly, it was not in the interests of Chloride and its shareholders and the board has rejected it.”

LONDON : Shares in Chloride Group PLC, Europe's largest maker of backup power supplies, soared 35 percent after the company rejected a 657 million pound takeover offer from U.S. peer Emerson Electric Co. via International Herald Tribune

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Some of the state's top manufacturing operations, Floralife Inc. of Walterboro, BorgWarner TorqueTransfer Systems of Seneca, and Milliken and Co. via WBTW

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Lighting-equipment maker Acuity Brands Inc. on Thursday said its Acuity Brands Lighting unit agreed to develop light-emitting diode lighting products with Lighting Science Group Corp. via Fulton County Daily Report

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Maintenance and JanSan supplies distributor W.W. Grainger plans to keep on growing, despite the slowing economy, according to Crain's Chicago Business . via Cleaning & Maintenance Management Online

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The latest member of the ZM lens family is the C Biogon T* 2,8/35 ZM. The "C" in the title indicates another outstanding feature: rather unusual for a lens of this performance class, its moderate speed of 1:2.8 ... via Shutterbug

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“They're stretching it out to kind of a small trickle at both facilities.”

WISCONSIN RAPIDS -- As NewPage nears the end of its integration process, local employees remain hesitant to discuss the transition. via WisInfo

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Shares of Cooper Tire & Rubber Co. tumbled Wednesday after the company announced a steep drop in first-quarter profit, blaming a drop in sales and rising raw material costs. via International Business Times

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OMRON Corporation today announced that, in cooperation with Hitachi, Ltd., it has achieved compatibility between its V750 series UHF RFID reader/writer and Secure RFID Protocol. via Earth Times

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“What we're going to try and get done in one year is to make it feel like on the inside and hopefully from the outside, one company, one culture, one way of doing things, one accounting system.”

- The newly merged electronic data giant Thomson Reuters Corp. (TSX:TRI) is "off to a strong start" in the global information economy, CEO Tom Glocer told the company's first annual meeting since Thomson Corp. and Reuters Group PLC closed their deal in April.

The new entity is "ideally positioned" to lead in the fast growing intelligent information market after reporting combined revenues up 12 per cent in the first quarter, he told about 500 shareholders gathered Wednesday.

He pointed to a nine per cent organic growth rate and a 37 per cent combined increase in adjusted operating income in the first quarter as strong boosts to the company's outlook. Read more

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